In-store term deposit

Benefits

This term deposit can be opened in the name of a self-managed super fund.

Consider your options

Enjoy seven calendar days' grace when your deposit matures to work out if you want to withdraw or reinvest.

Build wealth

Invest from $5,000 up to $2,000,000.

How it works

Set up your term deposit in a branch

Choose a term that suits you and transfer your chosen amount (minimum $5,000) into your term deposit, and watch your money earn interest.

Once your term deposit matures

You have seven days' grace period to decide whether you want to withdraw your funds or reinvest them. If you do nothing by the end of your grace period, your funds will be automatically reinvested at the same term at the rate applicable at the time of maturity.

If your situation changes

Changes aimed at strengthening the banking system mean we require 31 days' notice if you want to withdraw your funds before the maturity date. This can also affect the interest that we pay you. You can still access your money at maturity and during the grace period.

For deposits with a term of 12 months or greater you may ask us to pay your interest monthly, quarterly, six monthly or annually; however, the rate applicable may vary depending on the interest payment frequency (note, interest must be paid at least once a year and cannot be paid only at maturity). Rates current as at 22 September 2018.